As a freelance personal finance writer since 2008, Jason has contributed to over 100 outlets including Forbes, USA Today, Newsweek, Time, U.S. News, Money.com and NerdWallet. As an industry leader, ...

Why shouldn't I use a chatbot to help me prepare my taxes? I use ChatGPT nearly every day. If I'm having trouble writing an email, I'll ask the AI chatbot to give me a first draft that I can then work ...

When it comes to taxes, 2025 won’t bring any huge changes: Most of the tax changes going into effect as the new year dawns amount to adjustments to income or contribution limits, reflective of the ...

Calculate whether you’d come out ahead with a dependent care flexible spending account or the child care tax credit before signing up for the FSA during open enrollment. The dependent care FSA may ...

In our weekly series, readers can email any question about their finances, to be answered by our expert, Rosie Hooper. Rosie is a chartered financial planner at Quilter Cheviot Financial Planning and ...

529 savings plans offer a tax-advantaged way to pay for education. The money you invest in a 529 account grows tax-free, and you don’t pay capital gains taxes on your withdrawals if you use them for ...

Answer: If you got a deduction for contributing this money, and you want to keep the funds you’re required to withdraw, then yes, you have to pay taxes on these distributions.